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Why New York Stock Exchange and NASDAQ can not be one STOCK EXCHANGE?

Why New York Stock Exchange and NASDAQ can not be one STOCK EXCHANGE?

Postby gearoid » Sun Jul 01, 2012 5:21 pm

it is easy to understand Shanghai Stock Exchange and Shenzhen Stock Exchange are separated Stock Exchange,because Shanghai Stock Exchange located in Shanghai,while Shenzhen Stock Exchange located in Shenzhen.

But New York Stock Exchange and NASDAQ both located in New York,Why they can not be one STOCK EXCHANGE? that's very interesting..
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Why New York Stock Exchange and NASDAQ can not be one STOCK EXCHANGE?

Postby bryden » Sun Jul 01, 2012 5:22 pm

Why would they be? That's like asking why can't McDonald's and Burger King be one company. They COULD be if they wanted to and the government let them merge, but consumers are better off with the competition.

A little more specifically, they are two entities with different histories. NYSE historically was a floor-based exchange of human traders, while the NASDAQ arose in opposition to it, to take advantage of technology and telecommunications to form an electronic exchange to serve a greater range of companies.
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